California
Alexandria, TMG Acquiring SoMa Dev Site for $140M
Pasadena, CA-based Alexandria Real Estate Equities executed an agreement to acquire 88 Bluxome Street in San Francisco’s SoMa market from… Read more
An Uncommon Start at Valley Live/Work/Play Campus
UNCOMMON broke ground on 24, a mixed-use residential, office and retail campus on 24 acres in Chatsworth, CA. The adaptive… Read more
NorthMarq Secures Refi for SoCal MF Portfolio
Irvine, CA-based Advanced Real Estate Services, Inc., refinanced five SoCal multifamily properties for $73.97 million. The 479-unit portfolio includes Cantabria… Read more
CA Buyer Pays $14M for Crystal Tree Centre
The Crystal Tree Centre retail and office complex in North Palm Beach, FL sold to Los Angeles-based Black Lion Investment… Read more
Wyndham Place Sells for $11M
Following a 10-year hold, a California investment group sold the 155-unit Wyndham Place apartments in Phoenix. Seller Wyndham Partners LLC… Read more
Gelt Mission: Acquire 1,000 Portland Units
Los Angeles-based Gelt Inc. is on a mission to acquire 1,000 apartments in the Portland metro region within the next… Read more
Badiee Development Plans Second Escondido Industrial Campus
La Jolla, CA-based Badiee Development plans to develop Escondido Innovation Park, an 86,010-square-foot industrial campus in Escondido, CA. The move… Read more
Gehry-Designed $300M Sunset Blvd MXU Approved
Los Angeles-based Townscape Partners received L.A. City Council approval on development plans for the $300-million 8150 Sunset Boulevard development. The… Read more
C&W Helps Sell Hollywood’s Cinerama Parking Structure for $50M
Robertson Properties Group purchased Hollywood’s Cinerama Dome parking structure on Sunset Blvd. from CRA/LA for $50 million. The L.A.-based investor… Read more
P+R Architects Renamed Retail Design Collaborative
P+R Architects officially changes its name to Retail Design Collaborative. The Long Beach, CA-based architectural firm says the decision to… Read more
Creative Biotech Campus Trades Hands
Faraday Research Center in Carlsbad, CA was acquired by an unnamed Los Angeles-based investor for $19 million. The 65,840-square-foot biotechnology/creative… Read more
LA Transfers Ontario Airport to Locals
Ontario Airport is under local control as of 7 a.m. today. Ontario International Airport Authority assumed the operational reins from… Read more
PAG Bakes Up New Dealership at Former Nabisco Plant
New Orleans-based Premier Automotive Group acquired a 4-acre site in Buena Park, CA for $3.7 million. The group plans to… Read more
Equity Office Names Picard EVP, COO
Chicago-based Equity Office named Lisa Picard Executive Vice President and Chief Operating Officer. Picard joins the San Francisco office, and… Read more
CBRE Board Authorizes $250M Stock Repurchase
Los Angeles, Based CBRE Group, Inc.’s Board of Directors authorized a $250-million stock repurchase program. The company will buy Class… Read more
Creative Space Trend Extends to Industrial
Encinitas, CA-based RAF Pacifica Group unveiled plans for cre•ate, a 144,461-square-foot corporate HQ facility situated on 9.7 acres in Carlsbad,… Read more
Pair of Palm Desert Hotels Purchased for $36M
Two Coachella Valley hospitality assets traded hands, including the 151-unit Courtyard by Marriott and 130-unit Residence Inn Hotel. An affiliate… Read more
Davis Research Park Acquired for $70M
University Research Park in Davis, CA, a 17-building, 304,912-square-foot office complex was acquired by Sacramento-based Fulcrum Properties for roughly $70… Read more
DTLA to Get a Proper Hotel
Los Angeles-Based The Kor Group and joint-venture partner, Stork/Alma Development Group, started construction on the Downtown LA Proper Hotel, a… Read more